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. >> the fiscal cliff deal, charles krauthammer is talking about it. he calls it quote insulting. >> it's not just a bad deal. what geithner offers on the street robert e. lee was offered easier terms and he lost the civil war. democrats won by 3 percent of the voeft and they did not hold the house. republicans won the house. this is not the condition of surrender but that's what the administration is asking the republicans. they are not only cuts there are increase in spending with a new stimulus. this is almost unheard of. what do they expect? they obviously expect they will cave on everything. i think they ought to simply walk away. the president is the president. he is the leader. they are remanning republicans explain all of the cuts they want to mac. we had that movie a year and a half ago where paul ryan presented a budget a serious real budget with real cuts, obama was supposed to give a speech in which he would respond with a counteroffer. he gave a speech we had ryan sitting in the front row. he called the ryan proposal unamerican offered not
. >> the fiscal cliff deal, charles krauthammer is talking about it. he calls it quote insulting. >> it's not just a bad deal. what geithner offers on the street robert e. lee was offered easier terms and he lost the civil war. democrats won by 3 percent of the voeft and they did not hold the house. republicans won the house. this is not the condition of surrender but that's what the administration is asking the republicans. they are not only cuts there are increase in spending with...
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Dec 3, 2012
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lawmakers wrestling to make a deal to keep us from going over the so-called fiscal cliff taking to the airwaves. house speaker john boehner rejecting the proposal and calling talks a waste of time and treasury secretary timothy geithner standing firm saying there will be no deal without raising taxes for top earners. a new and unusual storm system bringing inches of rain and strong winds to northern california and parts of the pacific northwest. today's round predicted to be the worst of series that have come already, bringing flooding problems in several areas, but there is more rain to come. the taliban targeting a joint u.s.-afghan base killing at least five afghans. and the gun battled lasted two hours, no americans were hurt in the attack. new developments tonight for america's strongest ally and friend in the middle east, israel. it follows last week's decision by the united nations general assembly to upgrade the palestinian status from observer entity to non-member state, a move both israel and the u.s. voted against. today, israel announcing a decision of its own, the palestin
lawmakers wrestling to make a deal to keep us from going over the so-called fiscal cliff taking to the airwaves. house speaker john boehner rejecting the proposal and calling talks a waste of time and treasury secretary timothy geithner standing firm saying there will be no deal without raising taxes for top earners. a new and unusual storm system bringing inches of rain and strong winds to northern california and parts of the pacific northwest. today's round predicted to be the worst of series...
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the deal is to avoid a series of tax increases, and spending cuts that many believe would be a fiscal cliff that would kick in on january the 1st. chief congressional correspondent mike emanuel is watching it all unfold on capitol hill. what do we know about the visit about the expectations for what might happen during it. >> reporter: martha, timothy geithner arrived here on capitol hill a short time ago to meet first with senate majority leader harry reid. we know he's having individual meetings with the top four leaders of congress. what republicans have said they want to hear, and republicans will be critical, because they need republican support to get any final fiscal cliff deal through the senate, and also through the house, they say they hope that he's coming with concrete spending cut ideas that are acceptable to the administration. one of the meetings today will be with senate republican leader mitch mcconnell who a short time ago sounded pretty fired up. >> the only reason democrats are insisting on raising rates is because raising rates on the so-called rich is the holy gr
the deal is to avoid a series of tax increases, and spending cuts that many believe would be a fiscal cliff that would kick in on january the 1st. chief congressional correspondent mike emanuel is watching it all unfold on capitol hill. what do we know about the visit about the expectations for what might happen during it. >> reporter: martha, timothy geithner arrived here on capitol hill a short time ago to meet first with senate majority leader harry reid. we know he's having individual...
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to avert the fiscal cliff. both sides seem to be digging in for a fight. the white house saying it will not agree to a deal without raising taxes on the wealthiest americans. the gop says they want to see changes made to medicare, medicaid and social security. here is republican senator kelly ayotte of new hampshire. >> i was disappointed by the president's proposal. i think it is essentially a rerun of his budget proposal. i mean the revenue proposals are $1.6 trillion in revenue and tax increases. it is a massive tax increase but also, also not significant and meaningsful entitlement reforms. jon: a piece today in the "wall street journal" says more is at stake than just the fiscal cliff. quote, democratic lawmakers and party strategists say the success of his second term could ride on how this early battle unfolds. if mr. obama can cement a bipartisan deal to his liking many believe his approach to the negotiations could serve as template for tackling major issues that could play out over the next four years
to avert the fiscal cliff. both sides seem to be digging in for a fight. the white house saying it will not agree to a deal without raising taxes on the wealthiest americans. the gop says they want to see changes made to medicare, medicaid and social security. here is republican senator kelly ayotte of new hampshire. >> i was disappointed by the president's proposal. i think it is essentially a rerun of his budget proposal. i mean the revenue proposals are $1.6 trillion in revenue and tax...
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the fiscal cliff. but so far it's not looking like either side is willing to compromise. >> our next guest says there has been a failure in leadership to solve this crisis. joining us now is texas congressman louie gohmert. nice to see you. >> nice to see you. >> this is not necessarily against the president you have blasted g.o.p. leaders this week for a failure to lead basically saying we need to stand on our principles. they have a delegate -- delicate position to deal with. >> up until last week there had been a failure of leadership. the president out there finally pushing so far look we are going to forget the constitution. i'm going to basically pronounce law as i speak it congress hasn't done what i wanted, so we're just gonna ignore congress' constitutional right to appropriate. congress' constitutional right to set debt ceilings and we're going to ignore that that's what basically -- geithner basically announced. speaker boehner said look we can't allow that to happen. the fact is we can't. i
the fiscal cliff. but so far it's not looking like either side is willing to compromise. >> our next guest says there has been a failure in leadership to solve this crisis. joining us now is texas congressman louie gohmert. nice to see you. >> nice to see you. >> this is not necessarily against the president you have blasted g.o.p. leaders this week for a failure to lead basically saying we need to stand on our principles. they have a delegate -- delicate position to deal...
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and my only point is, you know, if we had a game, and every time the term fiscal cliff came up people had to donate a dollar to something, you'd be amazed in the course of a week or two how often this has been repeated like a mantra. i compared to a great essay by tom wolf in which people chanted and made noise in order to get their way. i think we ought to recognize this entire fiscal cliff is an artificial invention of washington, created by people in the congress and the presidency, and it can be broken down by them into a series of steps that can be taken without having to be rushed into one gigantic last-minute, little understood, with no hearings, one vote up or down, i think it's a terrible way to govern the united states. >> greta: well, the sequestration deadline is coming up the 1st of january. what people are saying on capitol hill, the president is saying, congress is saying, it may be scary stuff, but if we go over the fiscal cliff that all sorts of things will happen, that there will be another recession, we'll go deeper into our existing one, if we have an existing one,
and my only point is, you know, if we had a game, and every time the term fiscal cliff came up people had to donate a dollar to something, you'd be amazed in the course of a week or two how often this has been repeated like a mantra. i compared to a great essay by tom wolf in which people chanted and made noise in order to get their way. i think we ought to recognize this entire fiscal cliff is an artificial invention of washington, created by people in the congress and the presidency, and it...
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. >> dave: two weeks or congress to come together and reach a deal on avoiding that fiscal cliff and we are nowhere even close to any compromise after the president's proposal, ali. >> alisyn: yeah, it's not looking promising. because the president, i mean, the republicans say at that they were hoping that the president was going to try to meet them more in the middle or halfway because they all had agreed that they could raise 800 billion dollars with each of their separate tax proposals, one was to close loopholes on the republican side. and the president to raise on individuals and now the number has changed. the president in his proposal wants 1.6 trillion dollars in tax increases. here is the president on how the g.o.p. has not been cooperating. >> if congress does nothing, every family will see their income taxes automatically go up, a typical middle class family will see their taxes rise by 2200 dollars, but it's unacceptable for some in congress to hold middle class tax cuts hostage because they refuse to let the tax rates go up on the wealthiest americans. >> a lot of people
. >> dave: two weeks or congress to come together and reach a deal on avoiding that fiscal cliff and we are nowhere even close to any compromise after the president's proposal, ali. >> alisyn: yeah, it's not looking promising. because the president, i mean, the republicans say at that they were hoping that the president was going to try to meet them more in the middle or halfway because they all had agreed that they could raise 800 billion dollars with each of their separate tax...
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can strike a deal to avoid going over that fiscal cliff. number one tonight, a mechanic in missouri says is he planning a pretty good christmas after he won half of that record power ball jackpot. first on the list. his adopted daughter wants a pony. and that's "the fox report's" top five. an on this day in 1892. a young sing from her gary, indiana made music history with a release of his album "thriller." michael jackson was already a star at the time but "thriller" was a game changer with seven top then hits including billy jean and title track. "thriller" became the best selling album of all time went on to win a record 8 grammy awards sealing his place in history as the king of pop. despite his untimely death at the age of 50. michael jackson's will legacy hs withstood the test of time.
can strike a deal to avoid going over that fiscal cliff. number one tonight, a mechanic in missouri says is he planning a pretty good christmas after he won half of that record power ball jackpot. first on the list. his adopted daughter wants a pony. and that's "the fox report's" top five. an on this day in 1892. a young sing from her gary, indiana made music history with a release of his album "thriller." michael jackson was already a star at the time but...
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whenever you hear members of congress talk about any kind of fiscal cliff deal you have to approach it with a sort of believe everything and believe nothing attitude. i think that everybody wants to avoid having taxes go up for all americans as of january 1st but everybody has a price for that. and it, to me, it's about whether or not both sides are looking for a win-win deal, meaning, my opponent wins and i win. or whether both sides or one of the sides are looking for a deal where only i win and you lose and on top of all of that then we have to look at what do they want to include in any sort of deal? are we going to address entitlement reform? are we going to cut spending? are we only trying to deal with the tax cut issue? will we try to address the debt ceiling issue? so there are a lot of moving parts here. jon: it seems the campaign promise of the president to raise taxes on couples making over $250,000 a year, it seems like that almost has to come true in some form for the president and the democrats to swallow a deal? >> i think so. i think the president has been committed to
whenever you hear members of congress talk about any kind of fiscal cliff deal you have to approach it with a sort of believe everything and believe nothing attitude. i think that everybody wants to avoid having taxes go up for all americans as of january 1st but everybody has a price for that. and it, to me, it's about whether or not both sides are looking for a win-win deal, meaning, my opponent wins and i win. or whether both sides or one of the sides are looking for a deal where only i win...
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so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of hours ago. you've been working this. learning more about also what is to come for the big bank. why is the bank making such massive job layoffs now and what is really to come in the next year or so? >> reporter: yeah, what we're talking about here is essentially this is citigroup, this i is the bank that got $476 billion in bailout help. it got the most bailout help of any bank. what happened was citigroup was -- its ceo had stepped down a couple months ago, now they have a new ceo by the name of michael corbett, an is working very aggressively to cut out the excess, the middle management layers,
so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of...
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new push for the deal for fiscal cliff, not apparent for progress of this moment. the clock is ticking down. end the year for mandatory tax hikes set to kick in. welcome to new hour of "america's news headquarters." i'm eric shawn. >> i'm jamie colby. more talk of the miscall cliff is coming. house speaker john boehner in an exclusive interview with "fox news sunday" saying, "we're nowhere" in fiscal cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the president wants. and this is why. >> the president is asking for $1.6 trillion worth of new revenue in ten years. twice as much as he has been asking for in public. he had stimulus spendin
new push for the deal for fiscal cliff, not apparent for progress of this moment. the clock is ticking down. end the year for mandatory tax hikes set to kick in. welcome to new hour of "america's news headquarters." i'm eric shawn. >> i'm jamie colby. more talk of the miscall cliff is coming. house speaker john boehner in an exclusive interview with "fox news sunday" saying, "we're nowhere" in fiscal cliff talks with democrats. treasury secretary tim geithner...
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to avoid the fiscal cliff? because that's not what they are doing. should they include those? >> yes. and i know that democrats accept that there -- this has to be a balanced package that includes revenues and cuts and spending cuts. >> reporter: so news the white house is saying different from yesterday that spending cuts should be part of these fiscal cliff talks. where it may break down on the part about whether the president will push democrats on capitol hill to go along. it was tuesday that dick durbin said spending cuts, medicare cuts, ets, should not be part of these fiscal cliff cuts. we'll see whether durbin and others on the hill go along with what jay carney is saying. we'll see if that improves the possibility of a deal. megyn: we have 33 democratic lawmakers saying we are not touching social security now or for the future. this jackhammer is really rude. >> reporter: the cuts are being made as we speak. it's hard to cut the government. megyn: alert frank, the two guys features in your first report
to avoid the fiscal cliff? because that's not what they are doing. should they include those? >> yes. and i know that democrats accept that there -- this has to be a balanced package that includes revenues and cuts and spending cuts. >> reporter: so news the white house is saying different from yesterday that spending cuts should be part of these fiscal cliff talks. where it may break down on the part about whether the president will push democrats on capitol hill to go along. it...
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any deal to avoid the fiscal cliff is up to president obama and house of representatives spear boehner but never is very optimistic. the latest on the negotiations which will affect us all is next. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. >>shepard: we have signs of improvement in the job markets with millions still out of the work. the national unemployment rate fell from 7.9 percent to 7.7 percent last month. that is the lowest rate in four years. it comes despite the loss linked to super storm sandy. but the government reports the unemployment rate fell largely because so many americans gave up their search. at the same time, the u.s. economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact from the fiscal cliff and the labor department said no, we did not b
any deal to avoid the fiscal cliff is up to president obama and house of representatives spear boehner but never is very optimistic. the latest on the negotiations which will affect us all is next. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. >>shepard: we have signs of improvement in the job markets with millions...
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whatever happens on the fiscal cliff, to the democrats. here is what they considering, not only letting the top rate rise or finding an equal amount of taxes in other areas that would be the same effect. they considering a doomsday plan where house republicans would vote "present" on a bill that only extends the middle class tax cuts escaping blame for tax hikes on the 2 percent and wall street bigwigs are throwing in the towel and now calling the president's plan to hike taxes to the tune of $2.16 trillion double what originally called, credible. pore like incredible if you ask my next guests who are livid. michelle, what happened? >>guest: well, there is a reason why for some long the republicans are nicknamed the stupid party and the democrats are the evil party. there have been so many times the narrative that has been repeated over and over again where the republicans capitulate and rollover. what voters who did vote for house republicans to maintain their majority need to ask, and ask very loudly, what part of the mandate you did get
whatever happens on the fiscal cliff, to the democrats. here is what they considering, not only letting the top rate rise or finding an equal amount of taxes in other areas that would be the same effect. they considering a doomsday plan where house republicans would vote "present" on a bill that only extends the middle class tax cuts escaping blame for tax hikes on the 2 percent and wall street bigwigs are throwing in the towel and now calling the president's plan to hike taxes to the...
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that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to the senate, it went 98-0 against it. no one voted for it. melissa: well, that was kind of a tricky parliamentary issue as well but, i do take issue with one thing, the idea we haven't dealt with entightments. we had two years, a year and a half we debated medicare. we made significant changes in medicare. we just had a campaign which republicans including governor romney time after time after time charged that we had cut $616 billion in spending out of medicare and we reformed the program. we have looking toward new ways t
that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to...
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now a lot of this pessimism has to do with the fear of falling off, know what, the fiscal cliff. if washington does a deal, small businesses may feel brightner the next survey. but for now the uncertainty means owners, who are the biggest drivers in employment, are less likely to hire more workers or invest in growth. one in five said they will cut their workforce the next twelve months. that's the highest since the survey began ten years ago. one in three predict they will slash capital spending the next year too. here is how gallop summed it up. survey suggests the u.s. economy is extremely fragile and possibly susceptible to another recession. we will take a look at what exactly the fiscal cliff means to small business owners and what they can do to prevent any damage. they could be among the hardest hit if we don't get a deal. shannon, back to you. >> so many consequences. all right. thank you, brenda. we asked, you answered. up next, your time to chime in on today's twitter question. and a must-see kicker video you do not want to miss. try running four.ning a restaurant is h
now a lot of this pessimism has to do with the fear of falling off, know what, the fiscal cliff. if washington does a deal, small businesses may feel brightner the next survey. but for now the uncertainty means owners, who are the biggest drivers in employment, are less likely to hire more workers or invest in growth. one in five said they will cut their workforce the next twelve months. that's the highest since the survey began ten years ago. one in three predict they will slash capital...
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the gloves are slowly coming off in the battle over how to get off the fiscal cliff. republicans call president bam become's opening proposal ludicrous. and absurd. the president is going public to try to ridicule the g.o.p. lawmakers to accepting the tax hikes now. >> i miss visiting towns like this. >> president obama got his wish, rather than negotiating with republicans he was hamering them. back on the campaign trail in a factory that makes angry bird toys. >> it's not accept to believe me and i don't think it's acceptable for you for republicans in congress to hold middle class tax cuts hostage because they don't want the tax rates on the upper income folks to go up. >> within minutes, john boehner fired back the talks are on life support. >> let's not kid ourselves. >> boehner ripped the president for sending treasury secretary ti tim geithner to capitol hill with a proposal that led mitch mcconnell literally burst out laughing. >> the white house took three weeks to respond with any kind of proposal. and much to my disappointment, it wasn't a serious one. >> t
the gloves are slowly coming off in the battle over how to get off the fiscal cliff. republicans call president bam become's opening proposal ludicrous. and absurd. the president is going public to try to ridicule the g.o.p. lawmakers to accepting the tax hikes now. >> i miss visiting towns like this. >> president obama got his wish, rather than negotiating with republicans he was hamering them. back on the campaign trail in a factory that makes angry bird toys. >> it's not...
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we'll wait for a deal on the fiscal cliff. low volume as well today. the dow closed down yesterday at 12,966. but can it gets over that 13,000 mark for the new year? pill * police say she is running out of time. an 11-year-old girl taken from the cancer ward by her mother as seen on this surveillance camera. police say if she is not found soon she could die. now a new clue was just uncovered by police, and that's next. martha: president obama may be turn together fashion world for this next ambassador to france. he may be considering anna wintour. she was a top fundraiser who helps organize a dinner. it brought in $8.2 million. we have fundraisers take on those posts. she has denied she wants it so far. we'll see. bill: 6-hour plane flight. there are new developments on the search for a u.s. girl wanted. her father was stopped at the border by police. her mother removed her mother's i.v. and walked her out of the hospital without notifying doctors. the child has a catheter in her heart. if it's not removed. there is a possibility an infection could kil
we'll wait for a deal on the fiscal cliff. low volume as well today. the dow closed down yesterday at 12,966. but can it gets over that 13,000 mark for the new year? pill * police say she is running out of time. an 11-year-old girl taken from the cancer ward by her mother as seen on this surveillance camera. police say if she is not found soon she could die. now a new clue was just uncovered by police, and that's next. martha: president obama may be turn together fashion world for this next...
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. >> republicans offered a plan to avoid the fiscal cliff through significant spending cuts. >> we put revenue on the table as long as it's accompanied serious spending cuts to avert the crisis. >> the bipartisan bowl deficit plan had savings worth pursuing. >> they identified $1.1 trillion tax expenditures, benefits, deductions, credits and the like that could be cut as part of a grand bargain. i think we ought to look at that flat ten the code simplify it. >> harry reid told reporters yesterday he would like to get credit for what congress has previously cut. >> we have already done more than a billion dollars worth of cuts. >> the top democrat in the house took a similar approach. >> it is important to know that we have already agreed to over a trillion and a half dollars in cuts at both budget control and others in this session of congress. so now we are looking to see if we can do that. >> though asked what she would be willing to slash as part of this deal rank and file house members say they realize more must be done now. >> we get a senfolks making a mn dollars a year maybe the
. >> republicans offered a plan to avoid the fiscal cliff through significant spending cuts. >> we put revenue on the table as long as it's accompanied serious spending cuts to avert the crisis. >> the bipartisan bowl deficit plan had savings worth pursuing. >> they identified $1.1 trillion tax expenditures, benefits, deductions, credits and the like that could be cut as part of a grand bargain. i think we ought to look at that flat ten the code simplify it. >>...
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we committed to avoiding the fiscal cliff. itould be economically devastated on america. we have heard the numbers, 700,000 jobs lost estimated and a double dip recession. we don't want that for america. anyone wants that for america. it started by us putting people ahead of politics. i believe that republicans and democrats, we can work this out, we need to come to the table, start the "new york times"es, -- start the negotiations, we put tax revenue on the table as well as the speeding cuts, and it needs to be, it needs to include both. >>neil: so if you don't hear and it has to be specific, spending cuts, not promised cuts, if you don't hear that, no deal? >>guest: that is connect. we believe, we are in the midst of a debt crisis. it needs to be, we need to be honest about the fact we cannot raise taxes, it needs to include the spending cuts. the president, even just recently, last week, was talking about a 3-1 type ratio where there would be $3 of spending cuts for every dollar in tax increases. or tax revenue increases. we were willing to come to the table and try to
we committed to avoiding the fiscal cliff. itould be economically devastated on america. we have heard the numbers, 700,000 jobs lost estimated and a double dip recession. we don't want that for america. anyone wants that for america. it started by us putting people ahead of politics. i believe that republicans and democrats, we can work this out, we need to come to the table, start the "new york times"es, -- start the negotiations, we put tax revenue on the table as well as the...
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on avoiding the so-called fiscal cliff. like i said, it went down in the early going but ended up surging up 107 to almost 13,000. and one analyst put it markets are starting to lean toward some sort of agreement. meanwhile the fed reports that a rise in consumer spending and really steady home sales helped boost economic growth from october through early november in most of the country. the exception being the northeast in the wake of super storm sandy. the fox business network peter barnes with the news from the when you say tonight. what else do not feds see in the economy, peter. empleghts overall the feds saw the economy growing at a measured pace in recent weeks but it said that some business context said that they were worried about uncertainty over the battle of the fiscal cliff in washington. that concern might be showing up in the manufacturing sector. the feds said that in some places around the country, manufacturing was slowing down and actually contracting outright. but it said that hiring was up modestly most
on avoiding the so-called fiscal cliff. like i said, it went down in the early going but ended up surging up 107 to almost 13,000. and one analyst put it markets are starting to lean toward some sort of agreement. meanwhile the fed reports that a rise in consumer spending and really steady home sales helped boost economic growth from october through early november in most of the country. the exception being the northeast in the wake of super storm sandy. the fox business network peter barnes...
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it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we will ask the two men at the center of the negotiations where we really stand. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox news sunday. plus, we've seen this movie before. the two parties edging closer and closer to the brink. we will ask our sunday panel whether we will get a happy ending or an economic disaster. and our power player of the week. a young beauty queen has to make a tough choice. all right now on fox news sunday. >> hello again from fox news in washington. well, we had quite a day around here friday with talks to avoid the fiscal cliff deadlock, and everyone saying the other side is to blame, pressure secretary geithner scheduled a ground of interviews. then friday afternoon, speaker boehner's office call
it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we will ask the two men at the center of the negotiations where we really stand. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox...
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. >> eric: you know the clock is ticking, neither side is budging on the talks to avoid the fiscal cliff. coming up, chris wallace sits down with treasury secretary tim geithner and republican house speaker john boehner and he will explore what is keeping them from reaching a deal. >> jamie: also a freight train derailing, leaking dangerous chemicals in the air. investigators may now have identified a cause. clean-up continues. folks hopefully getting back in their homes. could that accident have been avoided? >> eric: former president george h.w. bush, he is still in the hospital this weekend. recovering from a bout of bronchitis. coming up, the sunday "housecall" doctors are here to explain why it can be dangerous for some people. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. a new way to save on your prescriptions. it's
. >> eric: you know the clock is ticking, neither side is budging on the talks to avoid the fiscal cliff. coming up, chris wallace sits down with treasury secretary tim geithner and republican house speaker john boehner and he will explore what is keeping them from reaching a deal. >> jamie: also a freight train derailing, leaking dangerous chemicals in the air. investigators may now have identified a cause. clean-up continues. folks hopefully getting back in their homes. could that...
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paul ryan passed two years of budgets to deal with -- >> not fiscal cliff. >> republicans have plenty of plans on the table in terms of tax reform and entitlement reform and spending reform all of which we need to do. this conversation assumes the president doesn't want to go over the fiscal cliff. i disagree. i think he does. i think he wants all the tax rates to go up. you can argue the politics of this. he needs revenue to come in. he wants more spending, not less. wants 1.2 trillion dollars in defense cuts because he wants to cut the military and wants an unlimited credit card in terms being allowed unilaterally to raise the debt limit. he wants all of these things and he knows he will not get blamed for it. the republicans will get blamed for it no matter what happens. the gop will get blamed for it because the mia is protective the president. he has nothing to lose, jon. he is willing to go over the cliff. >> i think what he is say take us over the cliff and vote with the democrats and dare republicans not vote it for 90% of the americans wouldn't be affected by top two tax rate
paul ryan passed two years of budgets to deal with -- >> not fiscal cliff. >> republicans have plenty of plans on the table in terms of tax reform and entitlement reform and spending reform all of which we need to do. this conversation assumes the president doesn't want to go over the fiscal cliff. i disagree. i think he does. i think he wants all the tax rates to go up. you can argue the politics of this. he needs revenue to come in. he wants more spending, not less. wants 1.2...
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we are a month away from the potential fiscal cliff that everyone is talking about. he is smiling. today the president and republican lawmakers publicly bashed each other on their plans for a deal. the details are ahead. a man with a big heart. a santa costume and a lot of $100. a lost them. he is bringing early holiday cheer to super storm sandy victims. that is ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00 in new york city we met the family that held one of the winning tickets to the record-breaking $588 million powerball jackpot. cindy hill bought the ticket in dearborn, missouri, population 500, half hour north of kansas city but she held off on checking the numbers. >> i didn't find out until the next day after i took my daughter to school and i want by to sigh the numbers. i got back in the car and i didn't have my glasses and i was, like, anying is that the right number? is that the right number? i was shaking, i called my husband and i said i think i am having a heart attack. >>shepard: i want a divorce. her husband, a mechanic, s
we are a month away from the potential fiscal cliff that everyone is talking about. he is smiling. today the president and republican lawmakers publicly bashed each other on their plans for a deal. the details are ahead. a man with a big heart. a santa costume and a lot of $100. a lost them. he is bringing early holiday cheer to super storm sandy victims. that is ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00 in new york city we met the...
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that is not a good deal and suggests that more and more democrats are thinking we should go off the fiscal cliff. >> biggest democrat to know about cliff diving is the president. >> that's right. he is the x-factor and the president is not a good negotiator. sometimes it is a shadow play we have been through before. we went through it with the debt ceiling deal . read bob woodward's deal. the president really again has a misunderstanding of compromise is. he thinks he's in power and basically the republicans should give him whatever he wants and his relationship with boehner doesn't leed lead to results. i am afraid we'll have another bad solution just like we did in 2011. >> gretchen: the cliffhanger in the whole thing. there is midterm elections coming up for some congressional democrats and republicans, do they really want to go off the cliff and be up for reelection in 20 months? >> that's right. there is an argument of thought that the president is bluffing. can because most economist and the congressional budget office said the economy will q. into another recession. does the preside
that is not a good deal and suggests that more and more democrats are thinking we should go off the fiscal cliff. >> biggest democrat to know about cliff diving is the president. >> that's right. he is the x-factor and the president is not a good negotiator. sometimes it is a shadow play we have been through before. we went through it with the debt ceiling deal . read bob woodward's deal. the president really again has a misunderstanding of compromise is. he thinks he's in power and...
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>> the fiscal cliff is theatre, nothing more and nothing less. it's a game of political chicken, folks. it will result in a winner and a loser. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> if the president really wants to reach an agreement, he needs to be talking with members of his own party, right here in washington, trying to broker an agreement. not out there firing up crowds and giving speeches. >> we all know that we've had this spending crisis coming at us like a freight train. and it has to be dealt with. in order to try to come to an agreement, republicans are willing to cut revenue on the table, but it's time for the president and democrats to get serious about the spending problem that our country has. >> but the point is, there is no economic growth being discussed in the fiscal cliff argument, the solution -- there is no economic growth. not possible with what's being proposed. in fact just the exact opposite. obama does not care about economic growth. he c
>> the fiscal cliff is theatre, nothing more and nothing less. it's a game of political chicken, folks. it will result in a winner and a loser. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> if the president really wants to reach an agreement, he needs to be talking with members of his own party, right here in washington, trying to broker an agreement. not out there firing up crowds and giving speeches....
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now president obama is insisting that any deal on this fiscal cliff which has automatic tax hikes and spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over the debt limit to do it. now the president wants to remove that spur to cut all together. of course, it gets in the way of his spending plans. i can assure you it one happen. the american people want washington to get spending under control and the debt limit is the best tool we have to make the president take that demand seriously. the american people want us to fight to cut spending. it's a fight they deserve and a fight we are happy to have. >> joining me now, simon rosenberg. and mark theisen. guys, welcome. simon, let me start with you on this. we did have some democrats come on the show and say
now president obama is insisting that any deal on this fiscal cliff which has automatic tax hikes and spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over...
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. >> kelly: well, it's not about a shark, but it is about a cliff, the looming so-called fiscal cliff would trigger across the board tax hikes and spending cuts if no deal is reached. but what would happen to home values, if certain tax benefits disappear? four are drastically cut. and carolyn, the financial analyst joins me right now with details. carolyn, always good to see youment what about this? how will this affect home owners if we go off this show called fiscal cliff? >> kelly, you know, at this point there is so much speculation around this fiscal cliff, and you're talking about the housing market. there is talk about what would happen if some of these real estate write-offs are at least reduced or, you know, somehow changed. the housing market is one area that's actually shown positives in the past year or so. any sort of change with that to the mortgage interest deduction and also, any change, possibly in property taxes and those deductions could have a negative effect on the economy. but you know, kelly, there are things that are in our control, if you will. it seems like
. >> kelly: well, it's not about a shark, but it is about a cliff, the looming so-called fiscal cliff would trigger across the board tax hikes and spending cuts if no deal is reached. but what would happen to home values, if certain tax benefits disappear? four are drastically cut. and carolyn, the financial analyst joins me right now with details. carolyn, always good to see youment what about this? how will this affect home owners if we go off this show called fiscal cliff? >>...
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. >> do you think some of the concern on the fiscal cliff is overbrought? >> you know what they are probably going to come up with something. if not on january 1st, then they will come up with some deal to make a deal, kicking the can down the road. >> gregg: which is congress's job. [ laughter ] >> and more important than the fiscal cliff a lot of investment houses are lowering their growth outlook. that is because the owners of small businesses, they are the drivers of the economy. they hire. right now, one out of five cut jobs in the next 12 months. one out of three is cutting capital spending. if there is no jobs we don't have consumer spending that is 70% of g.d.p., so this is really steam rolling. it is frightening. >> gregg: i was reading economists and they say household purchases, wages in salary going down, durable goods decreasing now we have manufacturing coming out on monday as well as jobs report on thursday or friday? >> yeah, the jobs report is expected to be very dismal, about 75,000 net jobs. some of that is because of sandy, but housing m
. >> do you think some of the concern on the fiscal cliff is overbrought? >> you know what they are probably going to come up with something. if not on january 1st, then they will come up with some deal to make a deal, kicking the can down the road. >> gregg: which is congress's job. [ laughter ] >> and more important than the fiscal cliff a lot of investment houses are lowering their growth outlook. that is because the owners of small businesses, they are the drivers of...
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to keep us from going off the fiscal cliff. the president says the latest republic offer is out of balance because it extends tax cuts on income of above $250,000. g.o.p. leaders claim they can raise revenue without raising rates by closing loopholes and limiting deductions. but the white house says it's about the rates. ed henry is at the white house tonight. the president claims the republic math does not add up. >> that's right, shep. he met with the nation's governors today. he said behind closed doors that there is a lot at stake not just for the national economy but state by state. some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the bottom line is the president and speaker boehner ha
to keep us from going off the fiscal cliff. the president says the latest republic offer is out of balance because it extends tax cuts on income of above $250,000. g.o.p. leaders claim they can raise revenue without raising rates by closing loopholes and limiting deductions. but the white house says it's about the rates. ed henry is at the white house tonight. the president claims the republic math does not add up. >> that's right, shep. he met with the nation's governors today. he said...
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. >> sean: fiscal cliff, panic, fear. here's my prediction. here's what's going to happen. they're all going to come out, we've got a deal, i'd like to praise so-and-so on the other side, pat each other on the back, but not deal with the real problem. just a prediction. >> and what's going to happen is, it's a cancer, they're going to put another band-aid on it. if the band-aid is enough to satisfy the democrats, the media will tell you what a great deal it was. >> sean: pleading with republicans, please raise taxes, by journalists. watch. >> the president campaigned on raising taxes on the wealthy, every speech he gave. doesn't he have a mandate there? the top earners seeing them pay more of their fair share. >> if you raise rates from let's say 35% to 39.6%, which is what it was during the threaten administration for those families earning more than $250,000 a year, those families, those small businesses, did quite well during the years of the clinton administration when the rate was 39.6%. why not go back to that? >> sean: didn't the republicans run on cutting spending,
. >> sean: fiscal cliff, panic, fear. here's my prediction. here's what's going to happen. they're all going to come out, we've got a deal, i'd like to praise so-and-so on the other side, pat each other on the back, but not deal with the real problem. just a prediction. >> and what's going to happen is, it's a cancer, they're going to put another band-aid on it. if the band-aid is enough to satisfy the democrats, the media will tell you what a great deal it was. >> sean:...
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working on a deal to avoid the fiscal cliff. who pays the price if congress fails to act. is it a make or make term? reverend did you like the president's tone yesterday if the goal was to come to a deal to avoid the fiscal cliff? >> i think his tone was appropriate because it is even and not an taganistic and fair and balanced in its aproachh and invitesorths to come to the table and indicates a willingness to have a give and take. that's what the american people expect. >> brian: when he said to go visit a manufacturing plant with tinker toys and have a twitter address and hash my 2 k to put pressure on republicans. is that a right tone to get something done? >> i think it is not the president versus republicans. i think the president want to stay close to the american people so that when he goes in the roomm he goes in as the winner of the last election where the majority of the americans made a choice and reminds americans that he has a authority to cut a deal. >> brian: if you find out a deal is cut and no entitlement reform would you think it was successful? >> no. i
working on a deal to avoid the fiscal cliff. who pays the price if congress fails to act. is it a make or make term? reverend did you like the president's tone yesterday if the goal was to come to a deal to avoid the fiscal cliff? >> i think his tone was appropriate because it is even and not an taganistic and fair and balanced in its aproachh and invitesorths to come to the table and indicates a willingness to have a give and take. that's what the american people expect. >> brian:...
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jenna: epic journey, not the fiscal cliff, that is epic journey. this epic journey is breaking the boundaries of human endurance. running seven ultramarathons on seven continents in seven days? why did he do it? turns out he was doing good at the same time he was running. we'll speak to him live about his ad venture next. w way. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is cash back on top of other rewards i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. year ahead a little inspiration for the year ahead. half a million americans ran marathons. just over 50,000 completed ultramarathons. for some perspective that is 2% of the u.s. population doing regular marathons and .02% of us that do ultramarathons. it is a
jenna: epic journey, not the fiscal cliff, that is epic journey. this epic journey is breaking the boundaries of human endurance. running seven ultramarathons on seven continents in seven days? why did he do it? turns out he was doing good at the same time he was running. we'll speak to him live about his ad venture next. w way. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i...
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he >> heather: lawmakers can reach a deal one month until the economy is set to go off the fiscal cliff. trading fire over looming tax hikes and spending cuts that threaten to plunge the economy into recession. affecting the lives of every single american. hello, everyone. i'm heather childers. welcome to another hour of america's headquarters. >> gregg: i'm gregg gregg jarrett. president obama is promoting his so-called balanced approach. republican leaders say the president's plan leaves the budget talks at a stand still. >> we've got some agreements about the high end tax cuts. republicans don't want to raise taxes on folks like me. i think i can pay a little bit more. >> they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean, it was not a serious proposal. so right now we're almost nowhere. >> gregg: steve centanni has more. >> the two sides taking verbal pot shots, but not really coming to any kind of agreement adds the clock continues ticking. the president hit the road yesterday using a campaign style appearance in pennsylvani
he >> heather: lawmakers can reach a deal one month until the economy is set to go off the fiscal cliff. trading fire over looming tax hikes and spending cuts that threaten to plunge the economy into recession. affecting the lives of every single american. hello, everyone. i'm heather childers. welcome to another hour of america's headquarters. >> gregg: i'm gregg gregg jarrett. president obama is promoting his so-called balanced approach. republican leaders say the president's plan...
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realistically, when do you need to get a deal done to avoid the country from going off the fiscal cliff? know there is limited days. >> yes. jenna: when does an actual deal have to be done so it gets through those logistical processes we know need to be done in both the house and the senate? >> the sooner we can get a deal the better. speaker boehner, as i said, he, the day after the election, said, okay, we'll put tax revenue on the table. let's start the negotiations. you know this can be done. president reagan and tip o'neill back in the early '80s, they negotiated a deal to save social security and address tax reform and the other entitlement programs, the spending --. jenna: if i could. reagan famously said trust but verify. >> yes. jenna: why should we trust you? why should we trust lawmakers in office now they can do this? >> because i would say we're either going to succeed together or we're going to fail together but it is so important because congress has a history where we've seen taxes go up but the spending side not addressed. in a balanced approach means that we're going t
realistically, when do you need to get a deal done to avoid the country from going off the fiscal cliff? know there is limited days. >> yes. jenna: when does an actual deal have to be done so it gets through those logistical processes we know need to be done in both the house and the senate? >> the sooner we can get a deal the better. speaker boehner, as i said, he, the day after the election, said, okay, we'll put tax revenue on the table. let's start the negotiations. you know...
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the president shoots down the republican's plan to avoid the fiscal cliff almost asap. was it because it was a bad deal but his favorite deal could be no deal at all. i feel like i am playing let's make a deal. remember that show? >> steve: meanwhile fascianista and mentor about to get a major promotion from the president? is she qualified to be a u.s. ambassador and run an embassy? we ask you ladies and gentlemenn of the jury. >> brian: she would be best dressed. fired for being a man. bell ringer was silenced because the girls bring in more christmas cash. is that true? "fox and friends" starts right now. ♪ >> steve: welcome aboard, folks. live from studio e. brian has a lot of friend exercise family members that watch the program. call him throughout the program today, because unbeknowns to you. prian cell phone has fallen through a hole of the jacket pocket and stuck in the lining. >> brian: it dropped through the lining and a secret passage. >> gretchen: give me that coat. >> brian: this is how i function. >> gretchen: somebody get scissors . i can feel the calls
the president shoots down the republican's plan to avoid the fiscal cliff almost asap. was it because it was a bad deal but his favorite deal could be no deal at all. i feel like i am playing let's make a deal. remember that show? >> steve: meanwhile fascianista and mentor about to get a major promotion from the president? is she qualified to be a u.s. ambassador and run an embassy? we ask you ladies and gentlemenn of the jury. >> brian: she would be best dressed. fired for being a...
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so the question is is the president serious about avoiding the fiscal cliff. we know pain in this country is bad on the economy. it would only broad and deep fn we hit a double dip recession. is the president serious about avoiding that cliff and if not, why not. i think some people are wondering -- megyn: do you think it is a matter of principle for the president? chris fire walt cam -- chris stt with a piece to say it's an ideological commitment on the part of the president to make the rich pay more and to give others more. for him it's an ideological mission to take the money from high income and give to it people who don't have as much. >> i agree with chris he said that. that's what he wants to do. but the curious part to me is you had quite a few lawmakers on the republican side of the isle start t --side of the aisle stao crack. they are willing to come to table and play ball. but the president is on the campaign trail and upping the states with totally ludicrous suggestions and plans like the one if you can call it that, the one he put out last week wh
so the question is is the president serious about avoiding the fiscal cliff. we know pain in this country is bad on the economy. it would only broad and deep fn we hit a double dip recession. is the president serious about avoiding that cliff and if not, why not. i think some people are wondering -- megyn: do you think it is a matter of principle for the president? chris fire walt cam -- chris stt with a piece to say it's an ideological commitment on the part of the president to make the rich...
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bill: negotiations on that fiscal cliff and his first one-on-one television interview since reelection president obama says he will only agree to a deal that raises tax rates on top earners. >> we are not going to simply cut our way to prosperity or cut our way out of this deficit problem. we are going to need more revenues. in order to do that that start with higher rates for the folk at the top. the reasonien, the reason i say that is not to punish success or go after folk just because they are wealthy. it's a simple proposition that you can't raise enough revenue and if you don't raise enough revenue through closing loopholes abductions, it's going to be middle class families that make up the difference. bill: john boehner will speak later this hour. we'll see how he responds to that comment. if washington can't get a deep, automatic tax increases and massive spending cuts do take effect. martha: west virginia senator joe manchin, a democrat discussing the fiscal cliff, social security within medicare. he believes they must be run more efficiently. >> last year the office of budget
bill: negotiations on that fiscal cliff and his first one-on-one television interview since reelection president obama says he will only agree to a deal that raises tax rates on top earners. >> we are not going to simply cut our way to prosperity or cut our way out of this deficit problem. we are going to need more revenues. in order to do that that start with higher rates for the folk at the top. the reasonien, the reason i say that is not to punish success or go after folk just because...